MARGAO
The South Goa Sessions Court has convicted a former manager of the State Bank of India, Cuncolim branch, under the provisions of the Prevention of Corruption Act.
Sessions Judge Irshad Agha has also convicted two other accused persons, believed to be borrowers, under the provisions of the Indian Penal Code. Hearing on the point of sentence will take place in the Court on April 18.
Delivering the judgment in the Court on Monday, the Sessions judge convicted the then manager of SBI, Cuncolim Branch, M Pinheiro, for the offence punishable under section 13(1)(d) r/w Section 13(2) of the Prevention of Corruption Act.
While accused no. 3 is convicted of the offence punishable under section 467 of IPC, accused nos. 3 and 4 are convicted for the offence punishable under section 468 of IPC. Accused no. 1, 3 and 4 are further convicted for the offence punishable under section 471, 420 r/w 120-B of IPC.
The case was investigated by the Central Bureau of Investigations. CBI Counsel, Public Prosecutor Adv Naushad said that the accused persons were convicted for criminal misconduct, cheating, forgery and criminal conspiracy. He said the two other accused persons, who were the borrowers, created forged documents like power of attorney, sale deed, offer letter, and receipts, and used the forged documents to avail housing loan from the bank after conspiring with the branch manager.
The case was registered by CBI, ACB, Goa vide RC 5(A) / 2011 on the written complaint of Shubhabratha Bhattacharya, the then AGM, SBI, Goa alleging that the branch manager, in pursuance of conspiracy with the other accused persons, sanctioned the loans using the forged documents.
